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TB0-120 - TIBCO Enterprise Message Service 6(R) Certification - Dump Information

Vendor : Tibco
Exam Code : TB0-120
Exam Name : TIBCO Enterprise Message Service 6(R) Certification
Questions and Answers : 112 Q & A
Updated On : December 11, 2018
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TB0-120 Questions and Answers

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TB0-120 TIBCO Enterprise Message Service 6(R) Certification

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Killexams.com TB0-120 Dumps and Real Questions

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TB0-120 exam Dumps Source : TIBCO Enterprise Message Service 6(R) Certification

Test Code : TB0-120
Test Name : TIBCO Enterprise Message Service 6(R) Certification
Vendor Name : Tibco
Q&A : 112 Real Questions

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Tibco Tibco TIBCO Enterprise Message

TIBCO units a new Bar for Messaging -- Addresses big information, Administrative Burden and the speed Barrier | killexams.com Real Questions and Pass4sure dumps

LAS VEGAS, NV--(Marketwire - Sep 25, 2012) - TUCON 2012 - these days at TUCON® 2012, TIBCO utility Inc. ( NASDAQ : TIBX ) announced two new products that push the pace boundaries and large records barriers of messaging technology: TIBCO FTL® Message swap and TIBCO commercial enterprise Message carrier™ appliance.

TIBCO FTL® Message change brings remarkable pace and persisted development of the excessive performance records distribution TIBCO pioneered when it digitized Wall street in the Nineteen Eighties. The introduction of commercial enterprise Message service™ appliance gives the generally-used TIBCO business Message provider expertise in a standalone equipment that quite simply "plugs into" the enterprise, resulting in reduced administrative and infrastructure costs, sooner deployment and reduced latency.

industry's First Messaging change

From market data feed-handlers to risk analysis engines to order programs from capital markets corporations, the volume, variety and speed of fiscal services records is exploding. The requirement to give mission-crucial messaging for improved volumes of information with decreased latency is essential.

With the announcement of TIBCO FTL® Message change, TIBCO turns into the primary company to introduce a truly built-in answer that brings together messaging and networking. This integration provides unparalleled entry to giant volumes and forms of information that produces new intelligence and cost. Extending TIBCO's highest performance messaging product, TIBCO FTL®, TIBCO FTL® Message switch offers next-era high-efficiency purposes the capability to carry advanced efficiency with the aid of inserting the utility interior the network infrastructure.

"due to the fact its inception, TIBCO has set the pace for messaging know-how, and this announcement once again extends our technological lead. With the introduction of TIBCO FTL® Message change, TIBCO is providing messaging it's truly a part of the networking infrastructure. Working with Pluribus Networks, we're capable of carry a innovative product focused at the excessive-volume, ultra-high pace requirements of the economic markets industry," talked about Denny web page, Chief Engineer of TIBCO utility.

"The introduction of TIBCO FTL® Message change capacity extra applications can now take competencies of the supreme efficiency offered by using TIBCO FTL®, apart from getting the additional advantage of deploying key purposes internal the change infrastructure itself," mentioned Robert Drost, CEO of Pluribus Networks.

primary aspects of TIBCO FTL® Message switch consist of:

  • customer capability to install software good judgment without delay onto the change, enhancing efficiency and reducing network latency.
  • forty eight ports of 10 Gigabit Ethernet, and 4 ports of 40 Gigabit Ethernet.
  • Full guide for Layer2 and Layer3 switching performance.
  • developed-in network fault tolerance for absolutely redundant information paths.
  • Native assist of TIBCO FTL® for high performance data distribution.
  • The vigor of TIBCO enterprise Message service in a Single kind component

    TIBCO business Message service equipment offers purchasers the entire advantages of TIBCO's business-main messaging in a standalone appliance. This kind aspect reduces administrative and infrastructure costs with the aid of simplifying the management of big implementations and globally disbursed systems. With TIBCO enterprise Message service appliance, purchasers can take all the advantages they've constructed round their facts distribution layer the usage of TIBCO commercial enterprise Message provider and installation an equipment solution that noticeably improves throughput, lowers latency, and helps manipulate the sheer volume of records that now requires real-time routing within the enterprise. 

    "TIBCO enterprise Message provider has long been the basis for TIBCO's commercial enterprise message distribution. From pure JMS purposes to TIBCO BusinessWorks™ to TIBCO ActiveMatrix®, valued clientele have been the usage of TIBCO messaging as the backbone for their communications for over 20 years," talked about Matt Quinn, CTO of TIBCO software. "With the entire add-ons needed for professional message start attainable in a standalone, valued clientele now have a an awful lot more straightforward architecture for message birth."

    TIBCO business Message provider appliance contains:

  • an entire, standalone messaging solution for enterprise-extensive distribution.
  • Fault-tolerant, certain messaging for fast, adventure-driven execution.
  • A high-availability, dual-deployment answer for guaranteed message distribution, without reliance on extra third-party utility or a Storage enviornment community.
  • guide for direct connection of vital applications, providing better throughput and reduce latency.
  • Availability

    Prototypes of TIBCO FTL® Message switch and TIBCO commercial enterprise Message service equipment can be on monitor this week at TIBCO's annual TUCON user conference, Sept. 24-27 at the ARIA inn and casino in Las Vegas. both items are scheduled to be generally purchasable through the conclusion of November, 2012.

    About TIBCO TIBCO software Inc. ( NASDAQ : TIBX ) is a issuer of infrastructure application for groups to make use of on-premise or as a part of cloud computing environments. TIBCO's technology digitized Wall street within the '80s with its event-driven "information Bus" software, which helped make precise-time company a strategic differentiator in the '90s.even if it be optimizing claims, processing trades, cross-promoting items in response to true-time customer behavior, or avoiding a crisis before it occurs, TIBCO offers organizations the two-2d competencies™ -- the ability to capture the right suggestions on the correct time and act on it preemptively for a competitive competencies. greater than 4,000 valued clientele international depend on TIBCO to manage suggestions, decisions, approaches and purposes in real time. gain knowledge of extra at www.tibco.com.

    Story Continues

    TIBCO, TIBCO commercial enterprise Message carrier, TIBCO business Message service equipment, TIBCO FTL, TIBCO FTL Messaging change, TIBCO ActiveMatrix, TIBCO BusinessWorks, TUCON, and TIBCO software are emblems or registered trademarks of TIBCO utility Inc. within the united states and/or different nations. All different product and enterprise names and marks outlined during this doc are the property of their respective homeowners and are outlined for identification purposes simplest.

    The foregoing doc includes an outline of definite deliberate future aspects and performance. Such description is provided for informational functions best and is discipline to trade devoid of be aware.


    appropriate unbiased research enterprise Names TIBCO a leader in facts instruction | killexams.com Real Questions and Pass4sure dumps

    PALO ALTO, Calif., Nov. 8, 2018 /PRNewswire/ -- TIBCO utility Inc., a worldwide chief in integration, API administration, and analytics, nowadays announced it has been named a frontrunner in the Forrester Wave™:  information education options, this autumn 2018 by using Forrester analysis. TIBCO obtained ratings of 5.0 out of 5.0 for the standards of crew collaboration elements, protection and governance, skilled services, and partner ecosystem. In certain, Forrester notes, "TIBCO Spotfire additionally helps enterprises leverage their IT investments via enabling them to supply records from other platform utility providers, akin to SAP Hana, SAP enterprise Warehouse (BW), and Oracle E-business."

    statistics wrangling with TIBCO Spotfire® supports users in fixing records fine concerns, inconsistencies, and deficiencies as they engage with their statistics. rather than going outdoor Spotfire® to prepare information earlier than growing visualizations, information scientists and enterprise analysts are in a position to mix, shape, clear, enrich, and seriously change statistics, all while doing data exploration. Spotfire immediately captures all transformations and statistics wrangling steps, laying them out as a completely editable workflow, permitting the user to edit and share those steps with others within the corporation.

    "As a company grows, enterprise analysts need to work carefully with other professionals, similar to statistics engineers and records scientists, to determine the correct statistics, fashions, and balance of governance," said Thomas Been, chief advertising officer, TIBCO. "we've got created a beneficial solution for businesses to more desirable leverage their facts and derive more comprehensive insights in this analytics crew activity. We're honored to have our answer recognized as a leader, and will continue to help our purchasers and companions in the use of their information to the better of their capacity."

    Spotfire seamlessly integrates with the quickly-to-be-purchasable TIBCO® Spotfire statistics Science platform and the TIBCO® facts Virtualization product as part of the TIBCO® connected Intelligence platform, providing extra capabilities for the data prep process. via information capabilities, Spotfire permits access to TIBCO Spotfire information Science, R, and Python for additional augmentation of data prep capabilities. TIBCO statistics Virtualization addresses the wants of records engineers and information stewards for swiftly growing business-in a position statistics and optimized queries for Spotfire and different functions.

    The Forrester Wave™:  information guidance options, this autumn 2018 analyzes providers of data education solutions. The report evaluates the providing, strategy, and market presence of the 10 accurate providers that deliver a data prep answer, assist for multiple sorts of clients, more than 60 consumers and 30 enterprise-category shoppers, distinct geographic publicity, and diverse vertical exposure.

    learn extra about TIBCO Spotfire with the aid of travelling the Spotfire site right here, or read the complete Forrester research document here (subscription or buy required for access).

    observe us @TIBCO on Twitter, and on our facebook and LinkedIn pages to listen to the latest news and updates from our crew.

    About TIBCOTIBCO fuels digital company by using enabling more desirable choices and faster, smarter movements in the course of the TIBCO related Intelligence Cloud. From APIs and techniques to gadgets and individuals, we interconnect every thing, trap statistics in actual time anywhere it's, and augment the intelligence of your company through analytical insights. hundreds of valued clientele everywhere count on us to build compelling experiences, energize operations, and propel innovation. learn the way TIBCO makes digital smarter at www.tibco.com.

    TIBCO, Spotfire, and the TIBCO emblem are emblems or registered emblems of TIBCO application Inc. and/or its subsidiaries within the u.s. and/or different countries. All other product and enterprise names and marks outlined during this doc are the property of their respective homeowners and are outlined for identification.

    Media Contact:Lindsey Ashjian TorresTIBCO software Inc.(650) 846-8862publicrelations@tibco.com

    View fashioned content to download multimedia:http://www.prnewswire.com/information-releases/properly-unbiased-research-firm-names-tibco-a-chief-in-information-instruction-300746226.html

    supply TIBCO application Inc.

    Copyright (C) 2018 PR Newswire. All rights reserved


    TIBCO Extends leadership in Multicast Market records Infrastructure with guide for Cisco DAL answer | killexams.com Real Questions and Pass4sure dumps

    Message expense Throughput Tripled and Message start Latency reduced via almost Forty %

    PALO ALTO, Calif., Sept. 19 / / -- TIBCO utility Inc. (NASDAQ:TIBX) nowadays introduced TIBCO Rendezvous(R) and TIBCO enterprise Message provider(TM) aid for the brand new Cisco server host and material application, referred to as Datagram Acceleration Layer (DAL). tests indicate that deploying TIBCO's messaging platform on Cisco InfiniBand Server fabric Switches and Cisco DAL radically accelerate message prices and in the reduction of message delivery latency.

    "Rising message fees and the continued growth of algorithmic trading are riding heightened bandwidth requirements for statistics distribution and automatic transactions," mentioned Jeff Kristick, vice chairman, Product marketing, TIBCO. "Our contemporary compatibility and benchmark testing on this powerful hardware, application aggregate demonstrates the ability of two trade leaders to handle the starting to be demand for high-performance and ultra low latency throughout key industry particular environments including automated trading, communications backbones, and repair beginning networks."

    TIBCO Rendezvous testing with DAL

    TIBCO and Cisco fastidiously demonstrated the new DAL software with the TIBCO Rendezvous messaging platform to ensure compatibility and benchmark efficiency of the solution. The TIBCO Rendezvous platform is produced from two main accessories -- the Rendezvous software Programming Interface (API) and Rendezvous Daemon. Leveraging a disbursed architecture, software advice flows from the API to Rendezvous Daemon after which out to the community. TIBCO rvperf and rvlat utilities have been used to benchmark the efficiency of the answer. examine consequences confirmed message charges improved by means of more than 300%, and latency was reduced by 38% on normal with none modification to the application or the TIBCO Rendezvous ambiance.

    "we're capable of exceed the challenges of capital markets shoppers through the development of a totally validated, proven and trade supported solution that ensures the reputable deployment of new expertise promptly and simply," talked about Krish Ramakrishnan, vice chairman and widely wide-spread supervisor of the Server Virtualization company Unit, Cisco. "and dealing closely with TIBCO, we will also reduce the charge and complexity of managing the true-time movement of counsel across programs and increase the style companies do company."

    Cisco Datagram Acceleration Layer

    Multicast market statistics traffic is transported transparently by the Cisco DAL application across the infrastructure. The DAL utility is designed to enormously speed up purposes and middleware devoid of requiring any changes to a trading software. It accomplishes this by way of making a user area library, which eliminates buffer copies and reduces context switches, the leading reason behind transport connected latency, latency jitter, and low message price capability in computerized trading infrastructures.

    TIBCO Rendezvous

    With more than 2,000 client installations global, TIBCO Rendezvous messaging application supports the mission-critical actual-time messaging requirements of some of the most demanding shoppers. TIBCO Rendezvous is the most effective messaging utility that supplies genuine real-time put up/subscribe and request/reply messaging. It additionally supports characteristics of carrier starting from light-weight informational messages to licensed and transactional beginning.

    About TIBCO

    TIBCO software Inc. (NASDAQ:TIBX) gives enterprise utility that helps businesses achieve carrier-oriented architecture (SOA) and enterprise technique administration (BPM) success. With over 3,000 consumers, TIBCO has given main organizations all over the world improved recognition and agility -- what TIBCO calls The power of Now(R). To gain knowledge of more, contact TIBCO at +1 650-846-one thousand or on the web at http://www.tibco.com/.

    TIBCO, The energy of Now, TIBCO Rendezvous, TIBCO commercial enterprise Message service and TIBCO software are emblems or registered trademarks of TIBCO application Inc. in the united states and/or different countries. All different product and enterprise names and marks mentioned during this document are the property of their respective house owners and are mentioned for identification functions best.

    supply: TIBCO utility Inc.

    CONTACT: Holly Burkhart of TIBCO application Inc., +1-650-846-8463, hburkhart@tibco.com

    web site: http://www.tibco.com/

    connected Thomas business update Thomas For Industry

    TB0-120 TIBCO Enterprise Message Service 6(R) Certification

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    TB0-120 exam Dumps Source : TIBCO Enterprise Message Service 6(R) Certification

    Test Code : TB0-120
    Test Name : TIBCO Enterprise Message Service 6(R) Certification
    Vendor Name : Tibco
    Q&A : 112 Real Questions

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    Papa John's International Inc (PZZA) Q3 2018 Earnings Conference Call Transcript | killexams.com real questions and Pass4sure dumps

    Logo of jester cap with thought bubble.© The Motley Fool Logo of jester cap with thought bubble.

    Papa John's International Inc  (NASDAQ: PZZA)

    Q3 2018 Earnings Conference Call

    Nov. 06, 2018, 5:00 p.m. ET

    Papa John's International Inc

    Contents:
  • Prepared Remarks
  • Questions and Answers
  • Call Participants
  • Prepared Remarks:

    Operator

    Good day, ladies and gentlemen, and welcome to Papa John's Third Quarter 2018 Conference Call and Webcast.

    At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference call is being recorded.

    I'd now like to introduce your host for today's conference, Mr. Steve Coke, Vice President of Investor Relations and Strategic Planning. Sir, you may begin.

    Questions and Answers:

    Steven R. Coke -- Papa John's International, Inc.-VP of IR & Strategy

    Thank you, Chenille. Good afternoon. Joining me on the call today are President and CEO, Steve Ritchie; our CFO, Joe Smith; and Mike Nettles, our Chief Operating and Growth Officer. Steve and Joe will have comments about our business and provide a financial update. After the prepared remarks, Steve, Joe and Mike will be available for Q&A.

    Our discussion today will contain forward-looking statements involving risks that could cause actual results to differ materially from these statements. Forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our SEC filings. Please refer to our earnings release in the Investor Relations section of our website for a reconciliation of non-GAAP financial measures discussed on this call.

    Finally, we ask any members of the media to be in a listen-only mode. Now I'd like to turn the call over to Steve Ritchie for his comments. Steve?

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Steve and good afternoon, everyone. Our third quarter results continue to reflect the brand challenges we have faced this year and were exacerbated by the negative impact of the media coverage that began on July 11. However, these events are not going to define the future of Papa John's.

    During the quarter, we took important actions to help prepare our brand reputation and we believe good progress has been made. Our performance shows the positive impact from these efforts with improved consumer sentiment, third quarter comp sales coming in better than our expectations, cash flows remaining strong and an improvement in North America comp sales outlook for the remainder of the year.

    As we continue working to rebuild trust, sustained consistent improvements in sales performance, will take time. Overall, North America comps for the third quarter were down 9.8%. As you may recall, when we reported second quarter results, comps were down approximately 10.5% in July due to the consumer and brand sentiment challenges.

    We said that performance had stabilized. So the third quarter comp is at 9.8% or better than our expectations at that time. That said, the consolidated number does not tell the full story. So let me provide some additional detail.

    In September, we launched our new voices of Papa John's marketing campaign, supported by a significant PR and social media effort to drive additional awareness. This work showcased the fact that Papa John's is made up of a team of 120,000 corporate and franchise team members. I am very proud of this team. The support they have shown and their collective commitment to the actions we are taking to move the company forward.

    We had a strong positive response from internal and external stakeholders to the Voices campaign. Employees and franchisees expressed their appreciation for sharing a light on the real values and people who make up our company.

    Customers also responded positively, which shows that the strategy to move in a new, more modern and inclusive marketing direction is the right one. YouGov Brand Index Data shows that consumer sentiment is shifting from largely negative to neutral or positive. In addition, we have seen sentiment in traditional and social media shift from negative to neutral or positive.

    According to research conducted by Kantar Millward Brown, a leading marketing research firm, the messaging of the Voices campaign has been a key contributor of these perception moves. The Voices campaign drove a modest improvement in traffic, resulting in September comps that improved compared to the July and August results.

    As we enter the fourth quarter, we are pleased with the quick actions we've taken and the progress being made against a tough environment and unique challenges. At the same time, we have not lost focus on our need to continue executing on the company's five operating priorities, which we launched prior to recent events, which we believe are fundamental to supporting a strong foundation.

    As you will recall, these five priorities include making people a priority, improving our brand differentiation, creating accessible value, implementing technological advancements and improving unit economics. We believe our recently announced new organizational structure will support improvement in each of these areas.

    This new structure is anchored by a customer-centric growth organization. We believe by putting the customer at the center of everything we do, including operations, technology, marketing, product and communications, we can leverage customer data to integrate and innovate across every consumer touch point. This growth organization establishes dedicated roles and responsibilities around each of these consumer touch points and is led by Mike Nettles in the new position of Chief Operating and Growth Officer.

    Moving on to our five priorities and the progress we are making; first, making people a priority. On our last earnings call, I mentioned a number of cultural initiatives that are under way. As you know, we are working with a third party to help identify opportunities to reinforce our commitment to diversity and inclusion.

    As part of this work, we are launching diversity, equity inclusion training this month for our 14,000 corporate team members, which we expect will be completed in early 2019. The training will expand to include franchisees.

    Providing career growth and development opportunities has long been an important part of our commitment to making people a priority and the leadership appointments and promotions we recently announced, provide these opportunities while also recognizing the depth, talent and contributions of our team.

    We are pleased that this new team reflects our commitment to diversity. We believe all of these steps will help us retain and attract the talent we need to move the business forward. Additionally, our positive actions will play a key role in rebuilding trust with customers.

    Second, improving our brand differentiation; as we said in the last quarter, our work to drive new branding and marketing campaigns is more important than ever. Q3 was the start of our journey to make Papa John's a revitalized modern brand. The first step was to introduce the real team members behind the brand and the concept that we are better together. This concept was executed first through our App Download campaign, then in the Voices of Papa John's campaign.

    Consumers know our tag line, BETTER INGREDIENTS. BETTER PIZZA, but the brand strategy, we are building will redefine the idea better within the pizza category to encompass our product, experience, team and community.

    We're transitioning to operate like a brand management organization, utilizing customer segmentation to deliver a deeper understanding of our customers and their needs and to innovate around product, message and experience across consumer touch points.

    Our first effort under this structure was a multi-channel Halloween marketing, PR and limited-time offer campaign leveraging one of our biggest sales opportunities of the year. We are following that up with an integrated campaign for the fan-favorite limited time specialty Double Cheeseburger Pizza. You will see more of this work, which is focused on communicating a call to action around products and experience in 4Q and into 2019.

    As it relates to creating accessible value, we have talked in the past about the fact that value goes beyond price to include menu choice and variety. We continue to see and pursue opportunities to provide everyday value to generate consumer appeal and build trust through pricing transparency.

    In the third quarter, we saw success through a number of promotional items; including our specialty pizza offerings. These efforts will continue to be advanced through the elevation of Paul Fabre as our SVP of menu strategy and product innovation. Paul will oversee product development, including menu management and ensuring that the pizza and other products we offer to customers or what they crave.

    Another benefit of moving product and menu into the growth organization is that it provides a direct line to customer data that drivers menu and product innovation to more customers to the brand.

    Value can also be delivered through channels. In the September app downloads promotion, I mentioned earlier was a successful test leveraging a single channel; in this case, the Papa John's app to provide exclusive offers. The promotion saw a lift in orders from both new and existing app customers without taking orders from existing digital channels.

    In addition to channel test, this quarter we are leveraging customer segmentation data to test a number of different value offers in corporate and franchise restaurants. We are also testing offers tailored to individuals that we've identified as customers who are seeking value. These tests are important to determine what will define accessible value for the Papa John's customer in the future.

    Turning to technology, since joining last year, Mike Nettles has significantly elevated the consumer experience across our digital and mobile platforms. Over this period, Papa John's mobile apps have become highly rated in both app stores. The company has established new ordering partnerships, including Facebook Instant Ordering, Amazon Alexa and DoorDash and Papa John's has established key data and analytics capabilities to improve restaurant operations and better informed customer engagement.

    With the rollout of Google Maps, we have transitioned to a best-in-class solution across all business touch points, from trade round zones to routing, and we are seeing improved delivery results. These results are translating into successful outcomes as 99% of customer addresses are now being found on the customers' first try with our online delivery address search, because Google Maps uses real-time traffic data, the estimated delivery time has improved and we're seeing a significant uptime in wait time satisfaction from our customers.

    Given Mike's new role as Chief Operating and Growth Officer, we've asked Justin Falciola to serve as our new Chief Analytics and Technology Officer, now overseeing product engineering, architecture and delivery, as well as enterprise insights and analytics.

    Turning to unit economics, operating efficiently at the unit level remains a key priority and our study of potential improvements to our restaurants is continuing with the assistance of third-party efficiency experts. In the third quarter, we received numerous innovative ideas from these experts and have deployed several of them in the testing environment.

    In addition, we are working with third-party food aggregators to determine best practices, while driving revenue and staffing augmentation. Taken together, incremental efficiencies and improvements like these and others can substantially improve how our franchisees operate and their profitability profile.

    On this point, I want to spend a minute discussing how we work with our franchisees during the quarter. We continue to engage with our franchisees and saw a significant majority of them at our Annual Operators Conference during the quarter. They have been supportive of us and we are committed to their long-term financial health.

    We are also appreciative of our two franchise representative bodies, the Franchise Advisory Council and the Papa John's Franchise Association, for the collaborative approach they have demonstrated to pursue improved performance for all of our stakeholders.

    In August, we made our commitment to franchisees clear through our assistance program for North America. Also in early October, we committed to investing $10 million during the remainder of 2018 into our national marketing fund. These funds are being used for additional media support. Total cost for the assistance program including this incremental marketing investment are consistent with the updated outlook we provided in our earnings press release.

    Before turning the call to Joe, let me also touch on International. Total sales and net development both grew at a double-digit pace in the quarter. We now have added over 300 new restaurants in the last 12 months, which is a record for the company.

    Also I want to highlight that during the quarter, we expanded our presence in Central Asia with our first restaurant in Kazakhstan. We have entered 11 new countries since 2016, and Papa John's is now in 46 countries and territories around the globe. We are quickly approaching 2,000 restaurants.

    To further enhance our International growth opportunities, we recently announced a new organizational structure that provides Jack Swaysland, our International Chief Operating Officer with direct oversight of the International supply chain and quality assurance function.

    With the growth of the international business over the past few years, coupled with the number of suppliers located outside of the US, it's the right time to locate these functions within the teams they serve. We believe this new structure will foster accelerated growth and unit development, and support improving unit economics.

    We are very positive on our overall international growth opportunity, despite the International comp sales decrease of 3.3%, which continues to be driven by performance in the UK and Middle East. In the UK where we now have over 400 restaurants, Q3 comps were impacted by industry pressures, as well as last year's pan pizza launch.

    The UK continues to take actions to work through a tough year; however, increased clarity around our customer demographics and needs has enabled the creation and implementation of a more focused marketing strategy. Although it is early in the roll-out of the strategy, we are seeing positive signs.

    In summary, progress is being made, and we took important steps during the quarter to align talent and resources in a way that enhances our customer-oriented approach. But we still face challenges and know that more work needs to be done to restore consumer trust. We are seeing improved consumer sentiment. Our attention now is on activating that sentiment to drive increased sales.

    Let me turn the call now over to Joe Smith for a financial review of the quarter. Joe?

    Joseph H. Smith -- Senior Vice President, Chief Financial Officer

    Thank you, Steve. We reported a diluted loss of $0.41 per share in the third quarter on a GAAP basis. Adjusted diluted earnings per share were $0.20 on a non-GAAP basis compared to $0.60 in the third quarter of 2017. The decline in our EPS was primarily attributable to our special charges, the impact of lower North America comparable sales, higher restaurant operating cost, as well as increased interest expense.

    During the third quarter, we incurred special charges of $24.8 million, which is $19.3 million on an after-tax basis, including $3.6 million of cost to replace or write-off branded assets and reduce royalties to domestic franchisees amounting to $9.9 million.

    The remainder of the special charges were primarily costs associated with activities of the Special Committee of the Board, including the third-party audit of the culture at Papa John's and additional legal and advisory costs.

    Our third quarter net loss on a GAAP basis was $13 million, excluding the special charges, our third quarter after-tax income was $6.2 million compared to $21.8 million for the corresponding quarter in 2017.

    Consolidated third quarter revenues decreased $67.7 million or 15.7%, primarily driven by lower comparable sales for North America, which resulted in lower company-owned restaurant revenues, lower royalties and decreased North America commissary sales.

    In addition, the refranchising of 62 company-owned restaurants in North America earlier in the year reduced total revenues on a quarter and year-to-date basis by approximately $15 million and $27.2 million, as compared to prior-year periods.

    International revenues also decreased due to the refranchising of 34 China company-owned restaurants. Domestic company-owned restaurants operating margin decreased $12 million or 3.3%, as a percentage of related revenues, primarily due to the impact of lower comparable sales and higher non-owned automobile cost.

    Additionally, the adoption of the new revenue recognition standard, reduced the restaurant operating margin due to the revised method of accounting for the customer loyalty program.

    North America franchise royalties and fees decreased $12.8 million or approximately 50% as compared to the third quarter of 2017, as a result of the previously mentioned $9.9 million of the short-term royalty waivers granted to the entire North America franchise system, as part of the Franchise Assistance Program.

    Our 2018 royalties were further reduced due to the negative comparable sales and an increase in other franchise royalty waivers granted to individual franchisees.

    North America commissary operating margin remained relatively flat at $8.3 million for the quarter. Our International operating margin decreased $400,000 due to lower income from the United Kingdom quality control center. The reduction in income from the U.K. operation was partially offset by higher royalties from increased equivalent units throughout the world.

    For the third quarter, G&A cost increased $19.7 million, primarily due to the previously mentioned special charges, including the cost to replace or write-off branded assets. The remainder of the increase was primarily due to higher technology initiative cost and the change in the timing of our Annual Operators Conference to the third quarter in 2018, as compared to 2017, when it was hosted in the second quarter.

    Net interest expense increased $3.4 million due to an increase in the average outstanding debt, including the impact of share repurchases, as well as higher interest rates. At the end of the third quarter, our debt balance was $578.6 million.

    For the nine months ended September 30, 2018, our EPS was $0.47 on a GAAP basis. Adjusted diluted earnings per share were $1.18 on a non-GAAP basis compared to $2.02 for the same period in 2017. The decline in EPS for 2018 is primarily due to the same reasons previously mentioned. On a year-to-date basis, our effective tax rate was 21.1%.

    Our free cash flow which is a non-GAAP measure that we define as cash flow from operations, less capital expenditures was approximately $68.2 million on a year-to-date basis, which is a decrease of $3.5 million from 2017. We paid a cash dividend of $7.1 million or $0.225 per common share during the third quarter.

    Subsequent to the third quarter, on November 01, 2018, our Board of Directors declared a fourth quarter dividend of $0.225 per common share. On a year-to-date basis, the company repurchased 2.7 million shares of stock for $158 million. As previously reported, the company has no plans to repurchase any additional stock in 2018.

    Turning now to our outlook for the remainder of 2018, we expect adjusted diluted EPS of $1.30 to $1.60 for the year. This excludes the impact of restaurant divestitures and the previously mentioned special charges related to the recent events.

    Last quarter, we provided a preliminary range on special charges of $30 million to $50 million as we work together information on the necessary expenditures to support the business. The special charges are now expected to be in a range of $50 million to $60 million, including a $10 million contribution to our domestic national marketing fund during the fourth quarter.

    North America comp sales for the year are expected to be in a range of negative 6.5% to negative 8.5%, which is an improvement from our previous guidance of negative 7% to negative 10%. International comp sales are expected to be in a range of negative 2% to positive 1% for the year.

    Finally, as previously announced, we recently amended our existing credit agreement. With the company's history of strong cash flow, our constructive long term relationship with our banks and our comprehensive plans to improve the business, we were able to obtain the appropriate modifications to the financial covenants.

    I'll now turn the call back over to Steve Ritchie for his final remarks before we take Q&A Steve?

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Joe. As we enter the fourth quarter, we are optimistic about the opportunities ahead for Papa John's. While challenges that have been created for our company are still there, we are seeing early indications that our improvement actions are working.

    The improved consumer sentiment in North America, our stabilizing comps, the outspoken support both internally and externally, our significant international wide space and our continued strong cash flows, all support our confidence for the future. We are absolutely committed to building on this momentum and moving the company forward to greater success.

    We appreciate your continued support and I'll now turn the call over to the operator for Q&A. Chenille.

    Operator

    Thank you. (Operator Instruction) Our first question comes from the line of William Slabaugh of Stephens. Your line is now open.

    William Slabaugh -- Stephens -- Analyst

    Yes, thanks guys. Wanted to ask a follow-up on that $50 millon to $60 million number that you increased this quarter. Can you talk a little bit more about where that's going exactly? I know you mentioned the $10 million go into the ad fund. I believe that stayed constant or maybe that was an increase going into the fourth quarter. I was just curious on some of the color around that?

    Joseph H. Smith -- Senior Vice President, Chief Financial Officer

    No. Well, the $10 million was actually new from our previous guidance that we gave in the third quarter. That was something that we approved late, basically in early October. So that's kind of a new contribution that was not considered when we gave the previous guidance.

    Then again, the rest of it will be again some more assistance to the franchisees and then again some work from the special committee, the advisors working with the special committee of the Board.

    William Slabaugh -- Stephens -- Analyst

    Got it. I wonder if you could talk a little bit more about the trends that you saw during the quarter. You mentioned it got a little bit better and then I know you said in September particular they did improve.

    Can you give us any more color around the numbers that -- how that may have looked. And then any color in October as you've had a little time under your belt, with the new launch of the Voices campaign will be helpful as well?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Will. It's Steve. So I'm not going to probably get into specifics around the fourth quarter. I'll probably start getting back to just kind of full year guidance numbers. I'll give you a little bit of color there on the third quarter.

    So we did give visibility of the cadence of the comps in third quarter in July being down 10.5%, that trend kind of continued through August and then we saw a significant improvement in September. Some of that is attributed to a couple of factors around the new campaign work that have launched, one being the new Voices brand campaign, but the other being the App Download campaign that we called out and it was very concentrated effort from a promotional standpoint, just on the weekends the four weekends within the quarter.

    So I think just indicating as we get the right promotional balance with the right media band, with the right brand messaging, we know that we can get significant improvement from a comp standpoint and obviously we got expectations that the fourth quarter will improve versus the third quarter.

    Some of that is just the nature of the rollovers from prior year from the November 01 event, but we do expect, based on the leading indicators of the consumer sentiment improvement from the Voices campaign, we think that is definitely a leading indicator to continued sales improvement as we progress through the rest of this year.

    William Slabaugh -- Stephens -- Analyst

    Got it. Thank you.

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Will.

    Operator

    Thank you. Our next question comes from the line of Alex Slagle of Jefferies. Your line is now open.

    Alex Slagle -- Jefferies -- Analyst

    Thanks. I was wondering if you guys could remind us what the cadence of your same-store sales domestically look like last year through the fourth quarter to the degree, I guess the trends decelerate starting in November, but any color you could provide on that?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Alex. So the third quarter, we were basically, we were up 1%. We were at -- the fourth quarter, we were down 3.9%. So just think about kind of the trends in the third quarter continuing through October and then a big precipitous drop off in November and December.

    So clearly we're in real time hurdling some of those numbers from prior year, but the business had decelerated a bit in 2017, but was above the flat line. So the predominant amount of the issues from a comp standpoint, certainly related to consumer sentiment issues, related to the two trigger events, one from of course November from last year and then of course earlier this year in July.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And could you talk about the health of your franchisees, this recent conversations you've had with them and any updated thoughts on the potential for increased number of closures in the coming quarters and whatever you're doing ongoing efforts to ensure the stores are all in the right hands?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure happy to. It's Steve again, Alex. So I think, first off unit economics and the health of our franchisees is always a top priority. As you guys know, I'm also a franchisee; have been one since 2005. So I understand the importance of unit economics on the backs of the strength of the franchisees is how we grow the business.

    The good thing is we've had a very nice run, dating all the way back to 2011, it's been the best five, six year run in the history of the company. So 2015 and '16, we're back record back-to-back years in terms of sales and profitability for the vast majority of our franchisees.

    So I'd note that because that's clearly important as we see a slowdown in 2017 and this precipitous drop off from a comp standpoint for the fourth quarter last year and all the way through the third quarter. So I think we've taken the appropriate action working collaboratively with our franchisees, those two big bodies, our Franchise Advisory Council and the Papa John's Franchise Association that does make up nearly 50% of the units on the franchise base.

    So what we put in place was bridge solutions to make up for their cash flow declines that they've experienced because of the sales comp issues here. So I think we've made the right decisions with the commitments that we put forth through the end of 2018 in terms of royalty relief some relief in terms of food costs through the PJ Food Service.

    We also did delay the increase in our national marketing fund that was scheduled to go increase quarter point in the fourth quarter and we've also continued to not increase the online fee, even though we are making significant investments this year on the technology side of the business.

    So I think working very collaboratively with our partners, being the franchisees recognizing the top priority needs to be to continue to quickly accelerate the improvement in topline sales and that will improve the unit economics for our franchisees.

    As far as continuation into 2019, clearly we are in the evaluation stages of that now to understand what the outlook looks like for '19 from a sales standpoint and what level of support and how we may support our franchisees and we'll clearly give you guys a very detailed outlook of that in February when we report our fourth quarter numbers.

    Alex Slagle -- Jefferies -- Analyst

    Great. And then last one from me, if you could provide any commentary around the recent 8-K filing on the executive retention program and any other actions related to that you can comment on?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Alex. It's Steve. I'd be happy to. As you know, it's a war on talent out there and priority number one for me is to make certain that I'm retaining the top talent of this organization and I think the Compensation Committee working with an independent compensation consultant has taken some very appropriate actions, benchmarking in our business across our peer group and also looking at what best practices have done broadly throughout the industry and we took some actions to ensure that we're putting forth the right efforts to retain that talent.

    So there was some amendments to some of the severance components of those plans and we feel confident those actions put us at parity against the industry, which we certainly don't want to be disadvantaged especially during the time where we've got a -- clearly, we are in a transformational stage for the brand.

    Alex Slagle -- Jefferies -- Analyst

    Okay. Thanks for that.

    Operator

    Thank you. (Operator instructions) Our next question comes from the line of Chris O'Cull of Stifel. Your line is now open.

    Chris O'Cull -- Stifel -- Analyst

    Thank you. Good afternoon, guys. Steve, just as a follow-up to that last question, when do you expect to make a decision regarding the level of franchise support for 2019?

    Steve M. Ritchie -- President and Chief Executive Officer

    We are in our budgeting phase now, Chris. So we're close on -- and we actually have our franchise advisory council in this week. So this is one of the points of discussion just to understand the outlook for the franchisee perspective and clearly understanding the cadence of the improvement in comp was directly tied to the levels of support.

    So we'll make some decisions here in the near future, but in terms of externally making those announcements, it likely won't be externally until we announce fourth quarter earnings, but we're certainly working through that right now.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then Joe, commissary sales were down about 11%, which makes sense given the transaction declines, but profits were down only 2%. Does this mean that the company has not provided any commissary markup or pricing release to franchisees?

    Joseph H. Smith -- Senior Vice President, Chief Financial Officer

    No, we actually did take our profits down a little bit and they've committed that for the rest of the year that our margin will be lower. I do think you have a little and we can -- if we take that offline, maybe a little bit of a shift on some of the income with our -- now that we have less company-owned stores. So that does make that margin change a little bit. That's more of an accounting issue than anything else.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And can you give some color or explain why the international commissary sales were down so much?

    Joseph H. Smith -- Senior Vice President, Chief Financial Officer

    That would be with the China sale that we had a commissary there, well, it's two things. Obviously, we have the sale of the China operation. The other part is just the UK operation being, having some lower sales, and that reflects some of their lower volumes

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then, Steve, I apologize if I missed this in the presentation, but has the cultural audit been completed?

    Steve M. Ritchie -- President and Chief Executive Officer

    It's still on ongoing Chris. So they have not announced any timeline of completion. But it is still ongoing and clearly we take those things very seriously. So we are not waiting on an output of the audit.

    However, we are excited to get some of the output of that. So we can make sure that we make the adjustments to enhance the culture, but we are continuing to, as I stated in some of the early presentation of making people a priority.

    So there's a number of initiatives that are in motion here to continue to enhance the culture, specifically as it relates to D&I. So we did earlier this year announce that we have a new Chief of Diversity Equity and Inclusion. So there's a number of efforts around that and a lot of external things that we're working to also improve the perception of the company.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then I believe the Board may have mentioned at one point that they were looking to expand the number of members, is that still the plan?

    Steve M. Ritchie -- President and Chief Executive Officer

    I think they're keeping an open mind. Certainly if they look at the size of our Board is a relatively small Board of six directors. Of course one non-independent and another five independent directors. So that is something certainly the Board is being very thoughtful about in evaluating the options that they may have and obviously as we make decisions on that, those things will be communicated.

    Chris O'Cull -- Stifel -- Analyst

    Okay. Great. Thanks guys.

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Chris.

    Operator

    Thank you. And I'm showing no further questions at this time, I would now like to turn the call over to Mr. Steve Ritchie, for closing remarks.

    Steve M. Ritchie -- President and Chief Executive Officer

    All right. Well, I just want to thank everybody for joining us today on the call. And clearly, we're very excited about the future of this brand here. We got lot of work to do, but hopefully you've seen that we are demonstrating, making the right steps to take the brand in the right direction. So we look forward to talking you again after our fourth quarter results in February. Thank you.

    Operator

    Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may all disconnect. Everyone have a great day.

    Duration: 34 minutes

    Call participants:

    Steven R. Coke -- Papa John's International, Inc.-VP of IR & Strategy

    Steve M. Ritchie -- President and Chief Executive Officer

    Joseph H. Smith -- Senior Vice President, Chief Financial Officer

    William Slabaugh -- Stephens -- Analyst

    Alex Slagle -- Jefferies -- Analyst

    Chris O'Cull -- Stifel -- Analyst

    More PZZA analysis

    Transcript powered by AlphaStreet

    This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

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    Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool is short shares of Papa John's International and has the following options: long November 2018 $55 calls on Papa John's International. The Motley Fool has a disclosure policy.



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